5 West Walnut Street
- Turnkey, income-producing mixed-use investment
- Four premium residential units with established short-term rental potential
- An iconic commercial space with strong identity and long-standing recognition in the Asheville market
- Opportunity to realize additional value through a mixed-use condominium structure or separate future disposition of the residential and commercial components
- The rarity of acquiring a fully stabilized, downtown Asheville asset with both immediate income and multiple long-term value creation strategies
Property Description
5 W Walnut Street offers a mixed-use investment opportunity in the heart of downtown Asheville. The property is currently home to 5 Walnut Wine Bar and also includes four vacant residential units. The residential units are approved for short-term rental (STR) use but are not currently being used as short-term rentals. The property also includes a leased retail space that is currently producing income, offering a mix of residential and commercial uses in a desirable downtown location.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $3,600,000 |
| No. of Units: | 4 |
| Year Built: | 1930 |
| Lot Size: | 0.03 Acres |
| Opportunity Zone: | No |
| Price per unit: | $900,000 |
| Property Website | Click Here |
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